The UAE Central Bank now expects the country’s economy to expand by 4 per cent this year, an increase from its June estimate of 3.9 per cent, on the back of a boost from its non-oil sector as the …
South African lender Investec opens office in Dubai’s financial centre
JOHANNESBURG (Reuters) -South African lender Investec has opened an office in the Dubai International Financial Centre (DIFC), it said on Wednesday, in a bid to access deep pools of wealth from …
Dubai hedge fund boom lifts UAE economy as region’s rich look to invest
Dubai International Financial Centre authorised 10 new hedge funds last year as rising millionaire population want to invest cash and grow wealth …
Dubai Islamic Bank champions Emirati talent and leadership at Ru’ya Careers UAE 2024
Ru’ya Careers UAE serves as an ideal platform for DIB to promote its array of job opportunities and innovative training programs, all designed to equip Emirati youth with the skills necessary for a …
Emirates Development Bank Underlines Commitment to Financing National Development and SME Growth
Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of economic development and industrial advancement in the UAE, highlighted its …
Investec extends footprint with Dubai International Financial Centre office launch
Investec Dubai International Financial Centre (DIFC) offers advisory and arranging services in private banking, wealth and investment management, and corporate and investment banking.
Curefoods in talks to raise $40 million in Series D round of funding, eyes IPO in 18 months
Cloud kitchen startup Curefoods is in talks to raise $40 million as part of its Series D round of funding, as it seeks to open more offline restaurants, acquire food brands and expand into newer …
Brookfield Raises $2.4 Billion for Its UAE-backed Fund
Canada’s Brookfield Asset Management has announced the initial closing of $2.4 billion for the UAE-backed Catalytic Transition Fund (CTF), part of a plan to raise up to $5 billion for investments in …
Brookfield Raises $2.4 Billion for Its UAE-backed Fund
Canada’s Brookfield Asset Management has announced the initial closing of $2.4 billion for the UAE-backed Catalytic Transition Fund (CTF), part of a plan to raise up to $5 billion for investments in …
The Ministry of Finance organises first dialogue with senior officials of National Companies Operating in the GCC
Discussing strategies to enhance economic and financial integration and create an attractive investment environment for companies …
Dreadful Dubai storm makes disaster films look like Saturday morning cartoons
There’s no better place than Dubai’ became more than just a cute social media slogan in April 2024; it became the prevailing thought in Mother Nature’s mind too. Shared by Polina, this jaw-dropping …
Emirates Development Bank underlines commitment to financing national development, SME growth
The financing market is currently experiencing a period of adjustment marked by tightening liquidity, rising interest rates, and increased risk aversion from traditional lenders …
Africa’s Richest Person Plans to Open a Family Office in Dubai
Nigerian billionaire Aliko Dangote is setting up a family office in Dubai, joining other high-net worth individuals who have flocked to the Middle East’s financial hub over the past few years.Most …
Africa’s Richest Person Plans to Open a Family Office in Dubai
Nigerian billionaire Aliko Dangote is setting up a family office in Dubai, joining other high-net worth individuals who have flocked to the Middle East’s financial hub over the past few years.Most …
Hedge Funds Now Employ More Than 1,000 People in Dubai
An influx of some of the world’s biggest hedge funds, from Millennium Management to Balyasny Asset Management, has pushed the industry’s headcount in Dubai to over 1,000, burnishing the city’s …
UAE stock markets collectively rise on Tuesday
The main index of Dubai Financial Market (DFM) showed a positive performance on Tuesday after rising by 27.40 (0.61%) to 4,434.06 points. The trading value hit AED 320.96 million through the exchange …
UAE seizes $639m of assets for money-laundering violations
In 2023, the UAE imposed fines exceeding AED254m ($69m) related to money laundering and seized assets valued at more than AED2.348bn ($639m) for violations of anti-money laundering practices and …